Edition:
United States

Shadia Nasralla

In squeezed oil industry, some rethink hunt for new barrels

Feb 05 2019

LONDON New partnerships are emerging in the global hunt for oil discoveries, with some explorers essentially offering an outsourcing service for the riskiest part of the energy business.

Oil major Total makes gas discovery at North Sea Glengorm prospect

Jan 29 2019

PARIS Total and partners including China's CNOOC have made a significant new gas discovery off the coast of Britain at the North Sea Glengorm prospect, with recoverable resources estimated at around 250 million barrels of oil equivalent (boe).

Neptune Energy, DEA bid for Edison's oil and gas assets - sources

Jan 25 2019

LONDON Private-equity backed Neptune Energy and Germany's DEA are bidding for the oil and gas assets in Egypt, Italy and elsewhere being sold by EDF's Italian unit Edison, industry sources said on Friday.

UPDATE 1-Neptune Energy, DEA bid for Edison's oil and gas assets - sources

Jan 25 2019

LONDON, Jan 25 Private-equity backed Neptune Energy and Germany's DEA are bidding for the oil and gas assets in Egypt, Italy and elsewhere being sold by EDF's Italian unit Edison, industry sources said on Friday.

Tullow Oil hit by payment delay, but sees higher output

Jan 16 2019

LONDON A delay in receiving payment from the sale of a stake in Ugandan oilfields caused Tullow Oil to miss cash flow and debt forecasts on Wednesday, although the firm said it expected to receive the money soon and also forecast higher production.

UPDATE 2-Tullow Oil hit by payment delay, but sees higher output

Jan 16 2019

* Net debt at $3.1 bln (Adds details CEO comment, analyst comment)

Premier Oil cuts more debt than forecast

Jan 10 2019

LONDON Britain's Premier Oil cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday.

Norway's DNO clinches Faroe Petroleum after raising hostile bid

Jan 09 2019

OSLO/LONDON Norwegian oil company DNO has secured control of Faroe Petroleum , a day after raising its hostile bid for the British company to 641.7 million pounds ($819 million).

Total in talks to sell North Sea oil, gas assets to private firms

Dec 21 2018

LONDON French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy Capital on the sale of some of its British North Sea assets, two industry sources said.

North Sea producers ONE and Dyas to merge

Dec 20 2018

LONDON British North Sea-focused oil and gas producers, Oranje-Nassau Energie (ONE) and Dyas, have agreed to merge to expand production, the privately-owned companies said on Thursday.

World News